RenaissanceRe Holdings Ltd. Announces Quarterly Dividend
Board of Directors Approves Share Repurchase Program up to an Aggregate of $500
million
The Board of Directors of RenaissanceRe Holdings Ltd. (NYSE: RNR) announced today a quarterly dividend of $0.31 per common share
on its common stock.
The dividend is payable on June 30, 2016 to shareholders of record on June 15, 2016.
In addition, the Board of Directors approved an increase in RenaissanceRe's share repurchase program, bringing the total current
authorization to $500 million. This authorization includes the remaining amounts available under prior authorizations. Under this
program, RenaissanceRe may repurchase shares of its common stock in the open market based on, among other things, its ongoing
capital requirements and expected cash flows, and the market price of its common shares. The repurchase program does not have an
established expiration date.
RenaissanceRe Holdings Ltd. is a global provider of reinsurance and insurance. The Company’s business consists of three
reportable segments: (1) Catastrophe Reinsurance, which includes catastrophe reinsurance and certain property catastrophe joint
ventures managed by the Company’s ventures unit; (2) Specialty Reinsurance, which includes specialty reinsurance and certain
specialty joint ventures managed by the Company’s ventures unit; and (3) Lloyd’s, which includes reinsurance and insurance business
written through RenaissanceRe Syndicate 1458.
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Investors:
RenaissanceRe Holdings Ltd.
Rohan Pai, 441-295-4513
Director – Corporate Finance
or
Media:
RenaissanceRe Holdings Ltd.
Elizabeth Tillman, 212-238-9224
Director – Communications
or
Kekst and Company
Peter Hill or Dawn Dover, 212-521-4800
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